Category Archives: Main Page

NASDAQ topping pattern still testing

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The miraculous magic of Tuesdays

If only the riggers could maintain control of markets indefinitely, then we could all go to sleep and enjoy the ride to riches beyond belief without any risk of loss. In reality of course, their control is an illusion that … Continue reading

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Here’s progress: Americans aspire to save more than spend

Gallup’s April 3-6 Economy and Personal Finance poll, finds that the majority of Americans continue to enjoy saving money more than spending it, by 62% to 34%. The 2014 saving-spending gap is the one of the widest since Gallup began … Continue reading

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Growth hope not lifting earnings, sales or commodity currencies

For all the hype and hope chorus of “global growth getting stronger any day now”, so far Q1 earnings and revenue numbers are f’ugly, with 1/3rd of S&P companies missing earnings targets (even though they had aggressively guided expectations lower … Continue reading

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Perfect power: direct from the sun

Goal Zero started as a penniless nonprofit, but it’s now the ninth fastest growing company in America. Here is a direct video link.

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The eroding belief in central banks

As financial markets race up and down on the rudderless barrage of high frequency robots again this week, an excellent article from Germany’s DER SPIEGEL offers a thoughtful update on the erroneous and now eroding belief that central banks are … Continue reading

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Content quandry: short and shallow or long and thoughtful?

In an expensive big media world paid for by sponsors, getting important issues covered in a balanced and thoughtful way is not easy. Some argue that today’s media-drenched, distracted public has no appetite or patience for detailed, weighty discussions…but is … Continue reading

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CBC’s “The Current” on the scam, collusions and crash risk of HFT

Good discussion on the many ways in which high frequency trading firms collude with brokers, exchanges and data services to “queer the market casino in their favour”. And no, its not just in the US stock markets…we see daily evidence … Continue reading

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And now for a little fun…

Antonio Vivaldi’s “Summer” is the setting for a musical competition. Salut Salon stage an acrobatic fight with a lot of humor – a classic of the Hamburg quartet. Here is a direct video link.

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Earnings and the S&P: reality check

When this ridiculous stock market implodes once more, strategists will be scampering to explain how some unexpected event caused losses that “no one could predict.” That of course will be just as false then as it was in 2000 and … Continue reading

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Predictable cash crunch grows in China

If I had a fresh veg-smoothie for every “guru” I have heard hyperbolising about China and its “insatiable” demand for commodities and resources the past 8 years, I would be well nourished for the rest of my life. Hopelessly unrealistic … Continue reading

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Elizabeth Warren on factors ailing the middle class

Thanks to a regular reader in the Netherlands who sent me this link tonight. It is worth watching. Now Senator Elizabeth Warren–then a commercial/bankruptcy professor at Harvard Law School–gave this lecture in 2007 on the trends behind rising bankruptcy and … Continue reading

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Matt Taibbi on “The Divide: American injustice in the age of the wealth gap”

Matt Taibbi talking about his book The Divide: American Injustice in the Age of the Wealth Gap on Real Time with Bill Maher. Here is a direct video link. Sensitive readers beware: the clip includes some profane language.

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How the sins of banks and politicians drove us to financial crisis

Bloomberg’s Bob Ivry describes how Wall Street’s practices can be adapted to the seven deadly sins and how they impacted markets and the United States economy. Here is a direct video link. The downfall of regular people, democracy and the … Continue reading

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Banker scorpions continue to sting

Alas scorpion investment bankers continue to sting and incapacitate the global economy because even as they relentlessly jab and cripple the host, governments and policy makers have repeatedly backstopped and saved them from their deserved demise.

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